Entrepreneur
Name
Edmond
Member since
February 2013
On-time repayments
80 installments • 68%
About Me
My name is Edmond Khisa Barasa,Im yet married,live in a family of eight.I live in Webuye sub-location in Webuye location in Webuye Division in Bungoma county.My business is to operating a cyber cafe.I'm a form four leaver.I started this business mainly to earn a living and to improve my life.I do purchase the following items from the earnings of my business:papers,pens,smart phones,cables,ear phones,lens,modems,multimedia speakers,mouse,internet,new computers,printing machine etc.Hope to open many cyber cafes in fast growing towns like Mtwapa and Malindi to improve my income.
My Business
My business is cyber cafe.This involves operating your internet connected computers for people to browse,this normally done in shops arranged with a good number of computers in a special room called cyber cafe.There is high demand of this business in that people daily need to communicate with their people either within or from abroad by mail or by Skype.The customers prefer to my business in that I'm a computer literate I help them in case they find some difficulties in there browsing sessions.The business is profitable because I buy monthly internet at ksh:6000 and by month-end I get ksh:45000/= when the cyber is busy,the risks that face my business are lack of fund to buy new/sophisticated programs and and the Kenya power rationing program,which sometimes leaves my cyber without power for a lengthy period of time.My typical monthly income is ksh:39000/= and my monthly expenses is ksh:21000/= ,my profit is therefore ksh:18000/= of which I can pay Zidisha loan without any problem. The business is currently doing very well currently. Ill never forget Zidisha for the support you have blessed me with.
Loan Proposal
Thank Zidisha.with this loan,i have noticed a spot where i can erect an M-Pesa and its a good strategic position with enough securuty.With this loan,id buy an M-pesa line an Kshs20,000,pay the stall rent of Kshs 2000 per month that is 4,0000/- with one month deposit. Ill also process the license which is kshs 4,0000.The remaining amount of Kshs Kshs 12,000 ill top up with kshs about 38,000 for the float.this i intend to start immediately i get this cash because it is very flexible to start,does not need much requirements to spart as long as there is a place to do so.I promise to always abide by zidisha terms,really awaiting you kind consideration.Thank you in advance.God bless
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Loan Info
Project Type
Classic Loan
Disbursed amount
$444.00
Date disbursed
Jun 1, 2015
Repayment status
On Time
Projected term
4 months
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